I've sold 45-50 properties with seller financing and I've made good money on it. About 15 were wraps with underlying VA/FHA loans and the rest were properties we bought for cash and immediately flipped. I did mine with 30 year amortizations but 10 year balloons, which was particularly important as I got older.
As far as making it advantageous to the buyer, if I were the buyer I'd insist on no prepayments penalties from day one and the ability to prepay in almost any amount.
Thanks Frank, appreciate the insight. Why did you sell your properties owner carry? The property is free and clear so I think I can get creative on the financing but again this is my first owner carry deal. Not sure owner would accept a 30 year amortization but possibly if I also did a 10 year balloon. Any other insight on how to structure a owner carry deal that is advantageous to the buyer?
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